The futures market for water rights trading in California: Analyzing the emergence of a controversial experiment

This paper presents a qualitative case study of the world's first water futures contract in California, a market that enables hedgers and speculators to bet on water prices. It is attempted to explain which factors shaped the emergence of the unique market by applying the Political Process Inhe...

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Bibliographic Details
Main Authors: Charlotte Christen, Michael Böcher, Petra Schneider
Format: Article
Language:English
Published: Elsevier 2025-06-01
Series:Environmental Challenges
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2667010025000459
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